Raymond, NH – The Regional Economic Development Center of Southern New Hampshire (REDC) is pleased to announce the U.S. Department of the Treasury's Community Development Financial Institutions Fund has issued a one million dollar award to REDC through the 2016 Community Development Financial Institutions FA Program (CDFI). The purpose of this award, which is part loan and part grant, is to ensure lending and investment activity in low-income and economically distressed communities.
For the FY 2016 CDFI Program round, the CDFI Fund awarded $170.2 million in Financial Assistance and Technical Assistance to 158 organizations in 48 states, including the District of Columbia. REDC is the only organization in New Hampshire to be selected as a recipient this year.
“We are honored to be named a recipient for this prestigious award. This funding will enable REDC to support more growing and challenged businesses as they work to create and retain jobs, as well as provide financial assistance and technical assistance to entrepreneurs in the southern New Hampshire region. We are excited to put these funds to good use in the Granite State,” stated REDC President Laurel Bistany. REDC provides technical assistance, strategic planning, marketing and design assistance, and alternative financing to the southern New Hampshire region.
More information on the FY 2016 CDFI Program can be found at
For more information about REDC, please call 603.772.2655.